Data-mining and analytics company Palantir (NYSE:PLTR) will be announcing earnings results next Monday after market close. Here's what to expect.
Last quarter Palantir reported revenues of $477.9 million, up 21.9% year on year, in line with analyst expectations. It was a weaker quarter for the company with a decline in gross margin and revenue guidance for the next quarter below expectations.
Is Palantir buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Palantir's revenue to grow 16.6% year on year to $504.8 million, slowing down from the 34.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 2.54%.
Looking at Palantir's peers in the data and analytics software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Alteryx delivered top-line growth of 73.2% year on year, beating analyst estimates by 7.79% and Commvault Systems reported revenue decline of 3.61% year on year, missing analyst estimates by 4.28%. Commvault Systems was flat on the results, and Alteryx was up 9.24%. Read our full analysis of Alteryx's results here and Commvault Systems's results here.
There has been positive sentiment among investors in the software segment, with the stocks up on average 18.4% over the last month. Palantir is up 19.1% during the same time, and is heading into the earnings with analyst price target of $8.43, compared to share price of $7.97.
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The author has no position in any of the stocks mentioned.